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Intel's share price closed up by more than 22% after NVIDIA, a chipmaker, said it would invest $5 billion in its struggling rival.

The deal will make NVIDIA one of Intel's largest shareholders, with more than 4% of the company's shares.

NVIDIA's stock rose by more than 3%.

In August, America's government and SoftBank, a Japanese firm, invested more than $10 billion in Intel.

Donald Trump and Sakea Stama took opposing stances on Britain's decision to formally recognize a Palestinian state,

which the government is expected to confirm this weekend.

America's president said it was one of the few disagreements he had with the Prime Minister

on his state visit to Britain. Meanwhile, Sequea said they had discussed how to increase pressure

on Russia over the war in Ukraine.

The Trump administration asked the Supreme Court to allow it to remove Lisa Cook, a Federal Reserve governor from the central bank's board, while a lawsuit challenging Donald Trump's attempt

to fire her, proceeds. The Justice Department asked the court to lift a

federal appeals court decision that enabled Ms. Cook to participate in this week's monetary

policy meeting. British police arrested three people on suspicion of spying on behalf of Russian

intelligence, an offence which carries

a maximum sentence of 14 years in prison. Two men and a woman were held under national security

...